US stock markets surge, Bitcoin surpasses $100K as Trump tells Americans to “buy stocks now”
By: bitcoin ethereum news|2025/05/09 03:00:12
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US markets jumped on Thursday after President Donald Trump confirmed a new trade deal framework between the United States and the United Kingdom, calling it the beginning of what he said would be an economic boom. The announcement marked the first big agreement since the White House rolled out sweeping tariffs against most global economies earlier in the year. Speaking from Washington, Trump told Americans, “You better go out and buy stock now. Let me tell you. This country will be like a rocket ship that goes straight up. This is going to be numbers that nobody has ever seen before.” The markets moved immediately. The Dow Jones Industrial Average popped 523 points, ending the day 1.3% higher. The S&P 500 rose by 1.3%, and the Nasdaq Composite climbed 1.7%. Source: TradingView The Russell 2000, a small-cap benchmark, gained the most—2.3%—beating all other indexes. That index is now up 3.6% for the month. But it’s still down by 8.7% in 2025 overall, compared to the S&P’s 2.9% drop. Bitcoin clears $100K as crypto rallies hard While stocks soared, Bitcoin did exactly what traders have been praying for. It broke past $100,000 again, hitting its highest point since February 7. Data from CoinGecko showed it trading at $101,508, up nearly 5.1% for the day. This surge also pulled other cryptocurrencies up with it. Ether spiked 13%, Solana’s native token rose 9%, and Dogecoin jumped 11%. Even crypto stocks joined the rally. Coinbase advanced more than 5%, while Strategy surged nearly 7%. But not everyone’s convinced the crypto rally is safe. Antoni Trenchev, co-founder of the crypto exchange Nexo, said Bitcoin has more to prove. “Bitcoin isn’t out of the woods,” Trenchev said. “It needs to break its January high of around $109,350 to fully escape the range it’s been stuck in.” Still, he didn’t ignore the comeback. “The retaking of $100,000 must go down as one of Bitcoin’s more formidable feats,” he said. “Buying peak fear — just last month, Bitcoin was languishing around $74,000 — can be exceptionally lucrative.” The bigger story may not be just about crypto rising. It’s about traditional investors walking away from the US economy and using Bitcoin as an alternative. A recent report from BCA Research said foreign investors are pulling capital out of US assets. They’re doing it, the firm said, because they’re worried the White House is now targeting capital with its new trade policies. BCA said it’s staying cautious. Their current positioning is underweight US equities, overweight fixed income, and avoiding direct US market exposure in their portfolio mix. They also flipped their position on Bitcoin for the first time in a while. Back in February, they called it too risky. Now, they’ve moved it from underweight to neutral, saying it’s time to reconsider the role of crypto as a hedge. “Bitcoin should benefit in a world where investors divest from US assets,” the note said. They also pointed out that sentiment around Bitcoin had cooled off, and that’s helped its price action. The percentage of coins recently traded has dropped hard since the start of the year. BCA also said that Bitcoin, now acting like “digital gold,” is holding up surprisingly well despite the wider selloff in US financial assets. Your crypto news deserves attention – KEY Difference Wire puts you on 250+ top sites Source: https://www.cryptopolitan.com/bitcoin-stocks-surge-as-trump-says-buy-now/
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